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A candid assessment of Nelson Peltz’s 133-page dissertation on Disney—the latest salvo in his failing proxy battle.
At long last, Nelson Peltz, lovingly known to my loyal readers as “the Smiling Crocodile” for his past boardroom chicanery, dropped his long-promised white paper on Disney this past week. At 133 pages, Peltz’s PowerPoint passes the ostensible heft test, one important measure of relevance on Wall Street. But does it pass the substance test? To me, it’s a mixed bag.
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